CBSE Set Set3 Economics Sample Test Papers For Class 12th for students online
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Economics
Class - XII (CBSE)
You are on Set lll
questions
(Only
those questions have been given ,which are different from Set l and Set II)
Q1 When will the
gross domestic product of an economy be equal to its gross national product.
(1 mark)
Q11 From the following data calculate value added by firms P and Q.
| Rs. (crores) | ||
|
i.
|
Purchases by firm P from firm Q | 40 |
|
ii
|
Sales by firm Q | 90 |
|
iii
|
Imports of Raw material by firm Q | 10 |
|
iv
|
Exports by firm Q | 10 |
|
v
|
Closing stock of firm P | 30 |
|
vi
|
Opening stock of firm P | 20 |
|
vii
|
Closing stock of firm Q | 20 |
|
viii
|
Opening stock of firm Q | 25 |
|
ix
|
Purchases by firm Q | 60 |
|
x
|
Sales by firm P to house holds | 40 |
|
xi
|
Sales by firm P to genral government | 20 (3) |
Q12 Distinguish between economic goods and non-economic goods. (3 marks) Q13 Calculate gross national product at factor cost from the following data :
| Rs. (crores) | ||
|
i.
|
Private final consumption expenditure | 100 |
|
ii
|
Net domestic fixed capital formation | 150 |
|
iii
|
Government final consumtion expenditure | 350 |
|
iv
|
Direct purchases abroad by resident households | 50 |
|
v
|
Gross domestic capital formation | 40 |
|
vi
|
Opening stock | 60 |
|
vii
|
Net indirect taxes | 90 |
|
viii
|
Imports | 200 |
|
ix
|
Exports | 70 |
|
x
|
Closing stock | 40 |
|
xi
|
Sales by firm P to genral government | -(10) (3) |
Q15 Calculate national income from the following data :
| Rs. (crores) | ||
|
i.
|
Dividends | 300 |
|
ii
|
Rent | 100 |
|
iii
|
Wages and salaries | 100 |
|
iv
|
Corporation Tax | 50 |
|
v
|
Consumption of fixed capital | 120 |
|
vi
|
Net indirect taxes | 20 |
|
vii
|
Undistributed profits | 50 |
|
viii
|
Mixed income of self-employed | 15 |
|
ix
|
Interest | 5 |
|
x
|
Employer's contribution to social security schmes | 30 (3) |
|
xi
|
Net factor income from abroad | 20 (3) |
Q25 Explain the reasons
for the inverse relationshipbetween the price of a commodity and demand of it.
Q26 Explain the concept of
equilibrium price with the help of market demand and supply schedules.
Q27 Briefly explain the
main features of the Ricardian theory of rent.